Association of Sea Grant Program Institutions

Analysis

Association of Sea Grant Program Institutions is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association of Sea Grant Program Institutions reported income of $281k and spending of $356k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $281k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of Sea Grant Program Institutions sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Mission Harvest Christian Church Inc ($281k), Arc Dearborn-Dearborn Heights Inc ($281k) and American Society of Civil Engineers ($281k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $612k against liabilities of $13k, net assets of $599k.